🚀 Bitcoin Price Update: Will BTC Bounce Back? 🚀

Bitcoin's price has been struggling to break above the $64K resistance level since its drop in early August. However, several support levels might just turn things around! 📉

**Daily Chart Insights:**

BTC has been consolidating below the 200-day moving average around $64K. With the loss of $64K and $60K levels, BTC is nearing the $56K support. This level is crucial to prevent a deeper dive. The market momentum is bearish, with RSI below 50%, suggesting a potential drop to $52K if $56K breaks.

**4-Hour Chart Highlights:**

BTC's price has been declining inside a falling wedge pattern but found support at $56K. A breakout could push BTC towards $60K soon!

**On-Chain Analysis:**

Bitcoin miners' reserves have decreased, contributing to the price correction. However, selling pressure is easing, signaling potential positive news for investors.

Stay tuned! 🌟